Nathan D. Goldman Sells 7,000 Shares of CSX Co. (NASDAQ:CSX) Stock

CSX Co. (NASDAQ:CSX) EVP Nathan D. Goldman sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $79.50, for a total transaction of $556,500.00. Following the transaction, the executive vice president now owns 79,697 shares of the company’s stock, valued at $6,335,911.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CSX traded down $0.28 during trading hours on Friday, hitting $78.40. 2,489,237 shares of the company’s stock were exchanged, compared to its average volume of 3,046,895. CSX Co. has a 12-month low of $58.47 and a 12-month high of $80.73. The stock’s 50 day moving average price is $77.13. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.68 and a current ratio of 1.81. The stock has a market cap of $63.44 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.37 and a beta of 1.22.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.11. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3 billion. CSX had a net margin of 27.84% and a return on equity of 26.13%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. Analysts predict that CSX Co. will post 4.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, May 30th. CSX’s dividend payout ratio (DPR) is 25.00%.

A number of large investors have recently modified their holdings of CSX. Rockland Trust Co. increased its holdings in shares of CSX by 7.2% in the 2nd quarter. Rockland Trust Co. now owns 3,269 shares of the transportation company’s stock valued at $253,000 after purchasing an additional 219 shares in the last quarter. Fulton Bank N.A. increased its holdings in CSX by 5.1% during the 2nd quarter. Fulton Bank N.A. now owns 3,305 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 161 shares in the last quarter. Park National Corp OH increased its holdings in CSX by 32.1% during the 2nd quarter. Park National Corp OH now owns 263,452 shares of the transportation company’s stock valued at $20,383,000 after acquiring an additional 64,070 shares in the last quarter. Sepio Capital LLC purchased a new position in CSX during the 1st quarter valued at about $1,066,000. Finally, Horizon Investments LLC purchased a new position in CSX during the 1st quarter valued at about $225,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.

CSX has been the subject of a number of research reports. Citigroup boosted their target price on shares of CSX from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. UBS Group cut shares of CSX from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $80.00 in a report on Friday, April 5th. BidaskClub cut shares of CSX from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Susquehanna Bancshares reaffirmed a “neutral” rating on shares of CSX in a report on Wednesday, April 3rd. Finally, Morgan Stanley lifted their price objective on shares of CSX from $55.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $79.41.

CSX Company Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services, as well as transports intermodal containers and trailers. It transports chemicals, automotive, agricultural and food products, minerals, fertilizers, forest products, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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